Gonzalez leases manufacturing equipment. On January 1, 2021 Gonzalez leases equipment to Montanez. The cost of the equipment for Gonzalez is $100,000, and it has a 5-year useful life. Montanez' lease with Gonzalez is for 5 years and calls for quarterly lease payments of $9.000 starting on January 1, 2021 with subsequent payments taking place on March 31, June 30, September 30, and December 31. The implicit rate of return for Gonzalez is 8% and is known by Montanez. Required: 1. Prepare appropriate entries related to the lease for both Gonzalez and Montanez from the beginning of the lease through June 30, 2021. Use the word DEBIT before each account you debit and CREDIT before each account you credit 2. What amounts related to the lease would Montanez report on its 2021 income statement and balance sheet? 3. What amounts related to the lease would Gonzalez report on its 2021 income statement and balance sheet